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12 O Part 4 of 4 Required information (The following information applies to the questions displayed below. Raphael Corporation's balance sheet shows the following stockholders' equity section. 2.12 points $ 55,000 CBOOK Preferred stock-5% cumulative, $_ par value, 1,800 shares authorized, issued, and outstanding Connon stock- par value. 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 120,000 360, eee $ 535,000 Reference 4. If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividen what total amount will be paid to the preferred and to the common shareholders? Total amount paid to the preferred shareholders Total amount paid to the common shareholders I ME GEW